To compare the standard of living among nations; the most widely used economic indicator is the?
A. real gross national income B. real domestic output C. real per capita income D. per capita nominal income Correct Answer: Option C – real per capita income
IBRD as an international monetary institution is concerned with the?
A. improvement of trade among member nations B. development of infrastructure in member nations C. balance of payments problems of member nations D. financing of private businesses in member nations Correct Answer: Option B – development of infrastructure in...
The effect of an increase in the personal income tax is to?
A. reduce unemployment B. raise the absolute price level C. reduce the disposable income D. distort the economy Correct Answer: Option C – reduce the disposable income
Statutory organizations usually established by Acts of Parliament are called?
A. public corporations B. cooperative societies C. joint-stock companies D. public enterprises Correct Answer: Option A – public corporationsProducts
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